The US-based Moody’s Investors Service is out with its latest report on the Australian banking sector, with the key highlights found below.
Asset quality and capital support a stable outlook.
Profits to fall because of lower interest rates, slow credit growth, intense competition.
The AUD/USD pair has come under pressure last hour, now meandering near session lows of 0.6765 ahead of RBA Governor Lowe’s speech.
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